Italian Restaurant On The Water Prime Location Clearwater Short Hours

Clearwater, FL
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Asking Price:$285,000
Gross Revenue:$450,000
FF&E:$100,000
Cash Flow:$150,000
Rent:$5,800
Established Year:2006
BUSINESS DESCRIPTION

On the water! Rare location low price. Much more potential with this restauran

***LOCATION-LOCATION-LOCATION***
LOOKING AT ALL REASONABLE OFFERS
ONLY OPEN for Dinner 6 DAYS A WEEK and ONLY 4 HOURS PER DAY! YOU CAN OPEN UP MORE HOURS!!! You can do breakfast, lunch and dinner.
Authentic WELL KNOWN Italian Restaurant (DINNER ONLY) on the water, with a cozy setting, serving traditional family recipes, fresh homemade Italian Pasta, baked breads and AMAZING pizza cooked to perfection. A glass of wine or a beer with your dinner to top it off. Indoor seating of approximately 40 and outdoor seating of approximately 50, with a BEAUTIFUL WATER VIEW to watch the sunset or the dolphins play.

Perfect opportunity for an inspiring chef or a family to take over and continue its success. VERY PROFITABLE because the current owner is the chef. He will train the new owners for a smooth transition. And he will consider staying on after training for a short period of time as an employee until a new cook is hired.

The VALUE in this business is the fact that it’s ESTABLISHED with WATER VIEW and it has a VERY LOW Rent of which includes water, sewer and garbage. YOU WILL NOT FIND AN ESTABLISHED ITALIAN RESTAURANT IN THIS AREA WITH LOW RENT AND BEAUTIFUL WATER VIEW. Only open 6 days a week and DID I MENTION... dinner hours only.
SELLER WILL SHOW LIMITED FINANCIALS IN PERSON TO A SERIOUS BUYER ONLY. Owner operates should make approx $150,000 per year.

PLEASE NOTE: INTERESTED PARTIES MUST SIGN A NON DISCLOSURE AND PROVIDE PROOF OF FUNDS.
A BUYER SHOULD UNDERSTAND THAT THIS IS A MOM AND POP OPERATION AND THE SELLER WILL ONLY SHOW HIS FINANCIALS TO A SERIOUS BUYER IN PERSON ONLY WITH AN ACCEPTED OFFER.


DETAILED INFORMATION
Location
Clearwater, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,000
Lease Expiration
06/12/2028
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Growth & Expansion
Open 7 days Open longer hours Offer delivery services
Support & Training
2 weeks training at no cost to buyer. Seller will also consider staying on as your cook temporarily with pay until you hire another cook.
Reason for Selling
Downsizing due to family health reasons
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George
Antonaklas
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George Antonaklas